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Treasury Department officials are negotiating a side agreement that would bar currency devaluations aimed at gaining a competitive advantage.
The adviser then removed that provision but failed to tell the staff that it had entered into a side agreement removing its ability to terminate the sub-adviser.
Such a side agreement would boost the chances of successful implementation of the trade accord for all parties to the deal.
A side agreement to the trade accord should include the creation of an independent international judicial commission to reinforce judicial independence.
A side agreement on the smoothing issue would pave the way for a ballot measure backed by the unions, Mr. Lee and other political leaders.
Brussels, supported by Washington, should be looking for a side agreement on the rule of law as it negotiates the trade accord.
Similar(28)
The Optional Protocol to the International Covenant on Economic, Social and Cultural Rights is a side-agreement to the Covenant which allows its parties to recognise the competence of the Committee on Economic Social and Cultural Rights to consider complaints from individuals.
And, Parmalat said, a secret side agreement obligated it to pay a far higher interest rate than was disclosed.
Prosecutors say they participated in a scheme in which A.I.G. paid General Re in a secret side agreement to take out reinsurance policies with A.I.G. in 2000 and 2001, propping up A.I.G.'s stock price and inflating reserves by $500 million.
Incidentally, Beeston, a former executive of the Toronto Blue Jays, was fined by Major League Baseball for making a secret side agreement with Clemens's agents when the pitcher signed a deal with Toronto before the 1997 season.
State prosecutor Manisha M. Sheth called those provisions a "secret side agreement".
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